| Return to Article 11 |
|
§1103 . Duration of licenses.
|
|
|
(a) Every license issued to a domestic insurer shall be for an indefinite term and shall expire with the expiration or termination of its corporate existence.
|
|
(b) Every license, including every renewal license, issued to a foreign or alien insurer shall be for a term expiring on June 30th following the date of issuance, except that at any time after a licensed foreign or alien insurer has filed its annual statement pursuant to §307 of this chapter the superintendent may issue to such insurer a renewal license for the next year. Source Data downloaded: 2009-04-09 14: 14: 37; Processed: 2009-05-08 15: 35: 46 |
| Return to Article 11 |